Verastem Receives Buy Rating from Deutsche Bank (VSTM)
Verastem (NASDAQ:VSTM)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Friday. They currently have a $14.00 price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 65.09% from the company’s current price.
Shares of Verastem (NASDAQ:VSTM) traded up 1.89% on Friday, hitting $8.64. The stock had a trading volume of 324,991 shares. Verastem has a 1-year low of $7.10 and a 1-year high of $18.24. The stock has a 50-day moving average of $9.37 and a 200-day moving average of $11.0. The company’s market cap is $223.2 million.
Verastem (NASDAQ:VSTM) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.51) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.43) by $0.08. Analysts expect that Verastem will post $-2.06 EPS for the current fiscal year.
Separately, analysts at Oppenheimer initiated coverage on shares of Verastem in a research note on Monday. They set a “market perform” rating and a $8.99 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $19.14.
Verastem, Inc is a United States-based biopharmaceutical company. The Company focuses on discovering and developing drugs to treat cancer by targeting cancer stem cells, which are an underlying cause of tumor recurrence and metastasis.
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